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Agreement signed for the delivery of 0.7 million tons of LNG with deliveries commencing this year
The long-term projection reflects increasing energy needs in developing nations and anticipated investments.
Only a couple of Fed policymakers supported the idea of cutting interest rates as early as this month
Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa
Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area
U.S. President Trump informed trade partners that higher tariffs would commence on August 1
Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia
Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously
Bilateral trade between the two nations reached $ 31.5 billion during the past five years
U.S. domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week
The Kingdom's oil exports rose by 450,000 bpd in June, reaching 6.33 million bpd
Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year
OPEC+ plans to increase output by 411,000 barrels per day starting in August
Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity
This marks the fifth contract in just over two months, including a $1.63 billion five-year contract for Integrated Drilling Services
Transaction's future proceeds will accelerate growth across group's core verticals and support further global expansion ambitions
Electricity demand in developing countries is expected to more than double by 2035
Super 98 petrol will now cost AED2.70 per litre, increasing from AED2.58 in June
The market has largely eliminated the geopolitical risk premium after the ceasefire announcement
As Middle East tensions now appear to have eased, the outlook for crude oil prices remains uncertain
The project is a key component of the UAE’s long-term strategy to diversify and modernize its energy infrastructure, in alignment with the UAE Energy Strategy 2050
Al Jaber emphasized the UAE’s unwavering commitment to strengthening and expanding the CEPA with China
The report calls for a renewed focus on scalable, affordable solutions from decentralized solar power to clean cooking technologies
Crude inventories dipped 5.8 million barrels, the EIA said, exceeding analysts' expectations for a 797,000-barrel decline
